GXY (ASX) what are the chances of a capital raising?

Originally posted by Rob826 ↑

I totally agree with the no CR, but I have to disagree that there is no immediate haste to develop SDV. The arse has dropped out of the spod market and Mt Cattlin has a limited mine life. GXY needs to get on with developing a second income generating asset, to supplement the ever dwindling sales from Mt Cattlin. GXY have proven through the A40 investments and the last quarterly report that fiscal control is not really their thing. The quicker we can spend that money on developing an income generating asset the better IMO.

I would also take all GXY shipping forecasts with a grain of salt. While the shipping forecast for 2020 is conservative, GXY have proven to be wrong in this area time and time again. As far as James Bay goes, it's a pipe dream. It is not economically viable without an accompanying convertor, therefore GXY would be on the hook for between USD$500m-$1b to get JB going. And let's not forget that GXY doesn't currently have funds to proceed SDV any further than stage 1. Stages 2 & 3 combined will probably be in the vicinity of USD$250-300m. Add in all the unknown costs and blowouts (Nemaska anyone) and GXY will require somewhere around USD$1-1.5 billion to fully establish SDV and JB. IMO, you won't see SDV and JB both in operation until the 2030's....

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Hi Rob
I didn't mean halt development on SDV. The progressive modular construction of ponds continues while others are also reducing output and into C&M. Thankfully you agree no capital raise , where are you getting the cash from to develop SDV at an accelerated rate?
I really think James Bay and converter are on the cards with a JV with USA Auto when the tipping point comes. Possibly after Trump has served his next 4 years and the Leftest side of the Democrats are running the show there. I am willing to wait to see who is right here.
I think Facty is talking about MIN still consistently shipping , keeping the converters going. It does seem strange that they are sending so much and with our many customers we are not. Hopefully nothing sinister as you suggest and the tonnes will start to flow and the price will start to rise. I have lost confidence in some of our management but not the company or the fundamentals and while the shorts are increasing the share price is not in free fall. Good Luck to all TLTH and make your votes count at the AGM and take luck out of the equation.